The Mustachian Forum
Welcome,
Guest
. Please
login
or
register
.
Did you miss your
activation email
?
1 Hour
1 Day
1 Week
1 Month
Forever
Login with username, password and session length
News:
Home
Help
Search
Login
Register
The Money Mustache Community
»
Learning, Sharing, and Teaching
»
Entrepreneurship
»
Gift Card Selling ???
« previous
next »
Print
Pages:
1
Author
Topic: Gift Card Selling ??? (Read 1728 times)
threepacballer
5 O'Clock Shadow
Posts: 15
Gift Card Selling ???
«
on:
August 15, 2017, 08:11:44 PM »
Can someone explain to me why someone would buy a gift card for more than its worth? Several listings like this
http://www.ebay.com/itm/500-VISA-Card-Sent-Activated-No-Fees-FREE-PRIORITY-SHIPPING-READY-TO-USE-/182718633769?hash=item2a8ae11729:g:S6QAAOSwjkVZfd91
Only thing I can think of is money laundering. What a way to make money?
Logged
lexde
Magnum Stache
Posts: 2791
Age: 34
Re: Gift Card Selling ???
«
Reply #1 on:
August 16, 2017, 03:57:54 AM »
Yeah that doesn't add up. There's no reason someone would want to purchase funds that have a limited use for more than the limited funds are. That makes no sense.
Logged
MNBen
5 O'Clock Shadow
Posts: 87
Re: Gift Card Selling ???
«
Reply #2 on:
August 16, 2017, 11:32:46 AM »
I was curious as well, so found a couple theories online...
They are being purchased with stolen credit cards (easy way to get quick cash)
Sometimes PayPal or Ebay offer coupons like "30% off" in which case that's a good use of coupon
Money laundering - especially across the border
Logged
Print
Pages:
1
« previous
next »
The Money Mustache Community
»
Learning, Sharing, and Teaching
»
Entrepreneurship
»
Gift Card Selling ???